ECMA.DE vs. EFRN.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor while EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 3 years, ECMA.DE returned 4.49%/yr vs 3.61%/yr for EFRN.DE. At a 0.04 correlation, their price movements are largely independent. ECMA.DE charges 0.19%/yr vs 0.10%/yr for EFRN.DE.
Performance
ECMA.DE vs. EFRN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.50% return, which is significantly lower than EFRN.DE's 0.87% return.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.71%
- YTD
- 0.50%
- 6M
- 0.35%
- 1Y
- 1.66%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.18%
- YTD
- 0.87%
- 6M
- 1.22%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
ECMA.DE vs. EFRN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 7.06% | -1.21% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | 0.49% |
Correlation
The correlation between ECMA.DE and EFRN.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.04 |
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Return for Risk
ECMA.DE vs. EFRN.DE — Risk / Return Rank
ECMA.DE
EFRN.DE
ECMA.DE vs. EFRN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) and iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ECMA.DE | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.55 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 8.25 | -7.63 |
| Martin ratioReturn relative to average drawdown | 2.07 | 32.61 | -30.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECMA.DE | EFRN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 2.58 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.12 | -0.31 |
Drawdowns
ECMA.DE vs. EFRN.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, which is greater than EFRN.DE's maximum drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and EFRN.DE.
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Drawdown Indicators
| ECMA.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -5.68% | -3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -0.31% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -0.48% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.13% | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.01% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -0.33% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.08% | +0.72% |
Volatility
ECMA.DE vs. EFRN.DE - Volatility Comparison
Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) has a higher volatility of 1.28% compared to iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) at 0.34%. This indicates that ECMA.DE's price experiences larger fluctuations and is considered to be riskier than EFRN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMA.DE | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.34% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 0.80% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 0.98% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 0.99% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 1.35% | +2.81% |
ECMA.DE vs. EFRN.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is higher than EFRN.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ECMA.DE vs. EFRN.DE - Dividend Comparison
ECMA.DE has not paid dividends to shareholders, while EFRN.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECMA.DE and EFRN.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for ECMA.DE.
ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ECMA.DE and 0.10% for EFRN.DE.
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